The Daily Shot Brief – May 2nd, 2024



The United States: Job openings declined sharply in March, indicating that labor market imbalances are continuing to ease. Per Powell’s comments, this suggests that the Fed’s tight monetary policy is reducing demand

Source: @TheTerminal, Bloomberg Finance L.P.  
Source: MarketWatch   Read full article  


Canada: The TSX materials sector has significantly outperformed its US peers over the past two months driven by the rally in gold and silver prices.

Source: @BBGIntelligence  


Cryptocurrency: Was the SEC right about potential liquidity issues with crypto ETFs? IBIT has been trading at a substantial discount to NAV.

Source: @crypto   Read full article  


Equities: Treasury yields matter again for the Magnificent 7 stocks.

Source: The Daily Shot


Commodities: Cocoa futures tumbled another 11% on Wednesday.

Source: The Daily Shot
Source: @markets   Read full article  


Rates: Much of the pressure on Treasuries has occurred during overnight trading sessions.

Source: Simon White, Bloomberg Markets Live Blog  


Food for Thought: Financial sector cyberattacks:

Source: IMF   Read full article  

Edited by William Villacis

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